US stock futures drop as Covid-19 news rattle investor nerves

Contracts on the S&P 500 dropped 1.9% to 2,895 as of 6:01 p.m. in New York. The underlying index sank 11% in the prior five sessions in the biggest weekly rout since the financial crisis. Dow Jones Industrial Average futures slid 1.8% and Nasdaq 100 contracts lost 2.3%.

NEW YORK: U.S. stock futures fell in a signal the sell-off in American equities will continue after a torrent of weekend news fortified concerns the Covid-19 coronavirus would severely damage the global economy.

Contracts on the S&P 500 dropped 1.9% to 2,895 as of 6:01 p.m. in New York. The underlying index sank 11% in the prior five sessions in the biggest weekly rout since the financial crisis. Dow Jones Industrial Average futures slid 1.8% and Nasdaq 100 contracts lost 2.3%.